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Here’s How Index Ventures Is Investing In An Era Where ‘Every Company Will Have AI’

Sep 13, 2023 - news.crunchbase.com
Index Ventures, a venture firm co-headquartered in Geneva, London, and San Francisco, has been investing in artificial intelligence (AI) companies for years, including Aurora and Arthur AI. Erin Price-Wright, a partner at Index Ventures, predicts that AI will soon become as commonplace as a database. She led the firm's recent investment in Weaviate, an open-source vector database company, and sees parallels between her work at Palantir and the future needs of enterprises as AI becomes ubiquitous.

The firm has also invested in AI-powered companies like DeepScribe, Hebbia, and Notion. Price-Wright believes AI is an enabling technology that will become integral to all software. Index Ventures raised $3.2 billion across three funds in 2021 and into 2022, and continues to actively invest in the AI sector.

Key takeaways:

  • Index Ventures has been investing in artificial intelligence companies for years, including Aurora and Arthur AI. The firm raised $3.2 billion across three funds in 2021 and into 2022.
  • Erin Price-Wright, a partner at Index Ventures, predicts that AI will become like a database and not a differentiator. She sees parallels between her work at Palantir and the future needs of enterprises as AI becomes ubiquitous.
  • Index Ventures led the $40 million Series A round in Cohere, an OpenAI competitor, and Price-Wright led the most recent funding in Weaviate, an open-source vector database company. The firm believes AI will enable a new type of search for enterprises.
  • Other AI investments by Index Ventures include DeepScribe, an AI-powered product for doctors, Hebbia, an AI-powered search and discovery product for the financial services industry, and Notion, a company that incorporates AI seamlessly into its product.
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